Human Capital Investment in Children

2019 ◽  
pp. 81-101
Author(s):  
Aldrie Henry-Lee
Keyword(s):  
Human Capital ◽  
Capital Investment ◽  
Human Capital Investment ◽  
Investment In Children

LONGEVITY, RETIREMENT, AND CAPITAL ACCUMULATION IN A RECURSIVE MODEL WITH AN APPLICATION TO MANDATORY RETIREMENT

2009 ◽  
Vol 13 (3) ◽  
pp. 327-348 ◽  
Author(s):  
Jie Zhang ◽  
Junsen Zhang
Keyword(s):  
Human Capital ◽  
Capital Accumulation ◽  
Capital Investment ◽  
Human Capital Investment ◽  
Mandatory Retirement ◽  
Retirement Age ◽  
Saving Rate ◽  
Recursive Model ◽  
Investment In Children ◽  
Long Run

This paper explores how retirement timing, together with life-cycle saving and human capital investment in children, responds to rising longevity in a recursive model with altruistic agents. We find that rising longevity raises the retirement age. If initial life expectancy is not too high, rising longevity also raises human capital investment in children and the saving rate. Through these channels, rising longevity can be conducive to long-run economic growth. A binding mandatory retirement age reduces human capital investment and the growth rate, raises the saving rate, and reduces welfare.

scholarly journals The risk-return trade-off in human capital investment

2007 ◽  
Vol 14 (6) ◽  
pp. 971-986 ◽  
Author(s):  
Charlotte Christiansen ◽  
Juanna Schröter Joensen ◽  
Helena Skyt Nielsen
Keyword(s):  
Human Capital ◽  
Capital Investment ◽  
Human Capital Investment ◽  
Trade Off ◽  
Risk Return
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